Insolation Energy Limited has issued a notice for a postal ballot to seek shareholder approval for two key resolutions. The first resolution concerns the continuation of Mr. Anil Kumar Gupta's directorship as a Non-Executive Independent Director. Mr. Gupta will attain the age of 75 on July 10, 2026, and SEBI regulations require a special resolution for directors over this age to continue their tenure. The company highlights his extensive experience in the energy sector as valuable to the board's decision-making. The second resolution is to approve an amendment to the Insolation Energy Employee Stock Option Plan 2024 (ESOP 2024). This amendment aims to enhance employee engagement, reward performance, and foster a sense of ownership by aligning employee goals with organizational objectives. The plan was initially approved by the Board on February 3, 2024, and by shareholders at an EGM on March 4, 2024, with subsequent approval for benefits to subsidiary/associate/group companies on June 17, 2024. The postal ballot will be conducted exclusively through remote e-voting, facilitated by National Securities Depository Limited (NSDL). The e-voting period commences on June 4, 2026, at 9:00 AM IST and concludes on July 3, 2026, at 5:00 PM IST. The cut-off date for determining eligible members to vote was May 29, 2026. The results will be announced and communicated to the stock exchanges following the conclusion of the voting period.
